The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper
Search
+

    Scrutiny of income tax returns reduced to 0.25 pc in assessment year 2018-19: FinMin

    Synopsis

    The level of scrutiny has reduced to 0.25% of all returns filed in 2018-19, versus 0.71% in 2015-16, according to details issued by the finance ministry. The scrutiny rate is the lowest in the past four assessment years. In 2016-17, 0.40% of returns filed were scrutinized while in 2017-18, 0.55% of the cases were taken up for scrutiny.

    Getty Images
    New Delhi: The number of cases selected for scrutiny of income tax returns have been reducing each year, in order to ease taxpayer facilitation.

    The level of scrutiny has reduced to 0.25% of all returns filed in 2018-19, versus 0.71% in 2015-16, according to details issued by the finance ministry.

    The scrutiny rate is the lowest in the past four assessment years. In 2016-17, 0.40% of returns filed were scrutinized while in 2017-18, 0.55% of the cases were taken up for scrutiny.

    "IT Dept is changing-from just enforcement to facilitating better taxpayer services," the finance ministry said in a Twitter post, adding that the number of cases selected for scrutiny has reduced drastically over the years.

    In Delhi, which has over 16 million PAN card holders, the rate of scrutiny has reduced from 1.12% in 2015-16 where 2.5 million returns were filed, to 0.52% in 2018-19 assessment year when 3.2 million income tax returns were filed.

    For Maharashtra, which has over 66.6 million PAN card holders, the number of cases selected for scrutiny has reduced to 0.38% of 9.7 million in 2018-19 assessment year, from a high of 0.98% of 7.48 million cases in 2015-16 assessment year.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Also Read

    3 Comments on this Story

    Kris76 days ago
    The governments who is totally depending on tax collections from salary class is most unworthy one.
    Aniruddha Bhide77 days ago
    no doesn't make much sense.... there must be a corelation between high value purchases & tax paid....
    Rajesh Gupta77 days ago
    It should be increased to 2 percent but in it only documents relating to exemption deduction and other documentary evidence has to be submitted by assessee and examination of these documents can be done at a remote centre and only 5% of these 2% should be referred to jurisdictional AO for adjudication
    The Economic Times